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Gold Oil and Euro Rallied on Tuesday– Recap September 11th

September 12, 2012

Major commodities traded again in a mixed trend on Tuesday: WTI oil price rose while Brent oil edged down; gold and silver didn’t do much as the former edged up while the latter slipped yesterday; natural gas Henry Hub future (October delivery) hiked again by over 5%, and even the spot price increased on Tuesday; the Euro also rose on Tuesday. Many other currency pairs including the Aussie dollar/USD also increased.

Here is a summary of the daily changes in precious metals and energy commodities for September 11th, 2012:

Forex and Bullion Markets:

On Tuesday, gold rose by 0.18% to $1,734; Silver decreasedagain by 0.2% to reach $33.57. During the month, gold increased by 2.8%; silver, by 5.67%.

On Tuesday,the Euro/USD also rose by 0.75% to 1.2855; further, the U.S Dollar also depreciated against several other currencies including Aussiedollar by 0.99%.

Energy Commodities:

WTI oil price increased yesterday by 0.65% to $97.17 per barrel;

Brent oil slipped by 0.06% to $114.62 per barrel;

Following these shifts, the difference between Brent and WTI fell to $17.45/bbl. During the month, WTI rose by 0.73% while Brent oil slipped by 0.7%.

Finally, the Henry Hub future (October delivery) hiked again by 6.03% to $2.99/mmbtu; the Henry Hub spot also rose to $2.83/mmbtu; the gap between the spot remained at $0.16, contango.